S. Korean carmakers' global auto sales rise in 3 years in 2018

Source: Xinhua| 2019-01-02 16:36:58|Editor: xuxin

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SEOUL, Jan. 2 (Xinhua) -- South Korean carmakers' global auto sales rose in three years last year due to a temporary tax cut for car purchase in the local market and solid demand from emerging economies, industry data showed on Wednesday.

Global auto sales by Hyundai, Kia, GM Korea, Renault Samsung and Ssangyong totaled 8,231,418 vehicles in 2018, up 0.4 percent from the previous year. It was the first growth in three years after falling in 2016 and 2017.